High Net Worth Home Insurance

High net worth home insurance is offered to those who reside in homes with a high value. These homes therefore need more insurance to cover the costs of damage and theft. Because there is a higher value placed on your home and the contents within it, it is important to obtain the correct cover. Make sure you do not end up paying high premiums unnecessarily, and check that your current home insurance does not protect you already – compare deals using one of the comparison services to find the offer that most suits your personal needs.

Those who decided to take out a high net worth home insurance policy should note that the premiums are likely to be higher as the repairs and replacements to the property will cost more.

There are companies which provide specialist cover for high net worth home insurance. An underwriter may want to check:

• Your location
• Your occupation
• And they may want to survey the property

If you wish to take out a high net worth home insurance policy you should inquire about the following:

• Whether accidental damage is included with your buildings and contents insurance policy.
• If you are provided with sufficient cover for your valuables should something happen to them.
• If you are able to receive insurance cover on everything you would like to secure.